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    246 Monmouth Rd Oakhurst, NJ 07755

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    For Lease
    $7,500 /Mo ($23 SF/Yr)

    Well-maintained 3,800 SF office building in a prime corner location.

    Property size:
    3,800 SF
    Lot size:
    0.44 Acres

    Property Features for 246 Monmouth Rd

    General Information

    Standard status
    Active
    Size
    3,800 SF
    Lot size
    0.44 Acres

    Building Details

    Year built
    2001

    We can help!

    Listing Contact
    Ron Ison
    Source: Corcoran

    Listing Agency: Serhant.NewJersey LLC Listing Agent: Ron Ison

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Oakhurst Corner Office Building For Lease

    Located in Oakhurst, NJ, this well-maintained brick office building offers an exceptional leasing opportunity. Built in 2001, the 3,800 SF building is situated on a prominent corner with high visibility, excellent signage potential, and strong daily traffic counts. The building features 7 private offices, a large bullpen area, and a file room. It also includes 3 spacious offices, a conference room, common restrooms, and a shared entrance. The flexible truss design allows for easy reconfiguration or customization of the floor plan. There are 19 on-site parking spaces and attractive professional landscaping. The property is suitable for office, medical, dental, or other professional uses. The lease type is Triple Net (NNN). Tenants have the option to lease the entire building or occupy a portion and sublease the remainder.
    Location Intelligence

    Current Use by Public Records

    Warren Walkow Law ... Law Firm PW Ducts Professionals HVAC Service Wellington Realty Group Real Estate Agency West Park Mortgage Loan Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakhurst
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0115748
    Latitude
    40.2578238

    Nearby Similar for Lease

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      Oakhurst Prime Corner Office Building

      Well-maintained 3,800 SF office building in a prime location.
      246 Monmouth Rd, Oakhurst, NJ 07755
      View Details
    • New
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      2,600 SF

      Oakhurst Professional Suite For Lease

      2,600 SF premium suite ideal for professional practices.
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    • $4,500 /Mo
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      Oakhurst Retail Space For Rent

      Two-story retail space in a newer shopping center.
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    • $2,000 /Mo

      Oakhurst Rental: One Bedroom Unit

      One-bedroom unit for rent in the heart of Oakhurst.
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    FAQs

    What type of property is this?
    Office building - Well-maintained 3,800 SF office building in a prime corner location.
    Where is this office building located?
    The property is located at 246 Monmouth Rd Oakhurst, NJ.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - Prime corner location with high visibility and strong daily traffic counts.; - Flexible truss design allows easy reconfiguration or customization of the floor plan.; - Ample on-site parking with 19 spaces.
    (917) 974-1915
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    246 Monmouth Rd Oakhurst, NJ 07755
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    Oakhurst, NJ 07755
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    246 Monmouth Rd Oakhurst, NJ 07755
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    We can help!
    Listing Contact
    Ron Ison
    Real Estate License ID: 1646527
    (917) 974-1915 (732) 945-5253 (973) 315-5959
    Learn more
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